Student Loans: Why private school students are excluded

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Isiaka Gboyega News

Loans Loans Latest News,Loans Loans Headlines

Isiaka Gboyega, a member of the House of Representatives, says the government exempted students from private universities and other tertiary education from the student loan scheme because of the high cost of school fees in those schools.

Mr Gboyega, the Chairman of the House Committee on Tertiary Education and Student Loans, said the school fees of a student in private school could pay the fees of many in public school. It would be recalled that President Bola Tinubu signed the student loan bill on Wednesday, which excludes private school students.

“An applicant for a loan under this Act must - be a citizen of Nigeria; “Have secured admission into any university, polytechnic, college of education established by the Federal Government or State Government, or a vocational or skills acquisition school licensed by the Federal Government,” section 23 of the Act reads.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senate orders CBN to go after defaulters of N1.079trn Anchor Borrowers loansThe Senate, through its ad hoc committee probing the issuance of N22.7 trillion Ways and Means to the Federal Government during President Muhammadu Buhari's administration by the Central Bank of Nigeria, CBN, has directed the apex bank to recover much of the N1.079 trillion given as loans to farmers under the Anchor Borrowers Loan Scheme.
Source: DailyPostNGR - 🏆 11. / 59 Read more »